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"Synergy, Commitment Are Key to Global Energy Sustainability, Says Bounour

By Favour Ifeoluwa & Akinola Ajibade  The Chief Executive Officer, Egbin Power Plc, Mr Mohktar Bounour says global transition to cleaner energ and sustainable environment are achievable, as long as there is strong synergy and commitment among stakeholders in the value chain.  He spoke during the maiden edition of  Asharami Square in Lagos. This is an initiative introduced and implemented by the Sahara Group, in order to amplify discourse on energy sustainability through  media advocacy globally. He said: " Having analyzed the percentage of global greenhouse emissions attributed to sectors including electricity/heat production, agriculture/forestry and transportation, we are realised that there is need for synergy  and renewed commitment among stakeholders". According to him, Egbin Power has unwavering commitment to reduce carbon emissions and promotes sustainable energy sources, stressing that the need to depeening engagement and advocacy among stakeholders in
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Seplat passes a vote of confidence on Brown

Brown 

Seplat Energy Plc, yesterday, refuted the claims in some quarters that its Chief Executive officer, Mr Rogers Brown, who stepped aside briefly in order to clear some burning issues pertaining to his office,violated some corporate governance issues in the country.

The firm, in a statement signed by the Chairman,  Board of Seplat, Mr Basil Omiyi and made available to the News Mirror, expressed confidence in its CEOs, stating that the ex-parte interim order passed recently by Justice C.J Aneke in order to restrain Rogers Brown from operating as Seplat's helsman  for seven days was unconstitutional.

Aneke was of the Federal High Court sitting in Lagos. 

The Board believes these allegations are a spurious and vindictive reaction to its  enforcement of corporate governance standards and a determination to continue to uphold their fiduciary duties and loyalty to the Company. As a result of this, the Board has no option other than to pass a vote of confidence in Mr Brown as the CEO.

" The interim orders are premised on allegations of unfair, prejudicial, and offensive acts by the Chairman, CEO and all of the Independent Non-Executive Directors (INEDs) of Seplat Energy" it added.

The Order allows the Chairman, Mr. Basil Omiyi, and all the INEDs of Seplat Energy to continue running the affairs of the Company on the basis that it is in accordance with Nigerian law. Mr. Brown has delegated authority to Mr. Samson Ezugworie, Chief Operating Officer, to act as CEO during the period that he is required to step back from his executive duties." the statement added.

Continuing further, the Board listed the allegations against the CEO of Seplat to include the site visit organised for a number of major shareholders of the company, cancellation of some catering and landscaping contracts, and introduction of a new job performance rating. 

Recall that Brown became Seplat's CEO in 2020 and since then Nigerian nationals have been appointed to the company’s most important positions, including Chairman, Senior Independent Non[1]Executive Director, Chief Financial Officer and Chief Operating officer.

Added to this was the promise made by Seplat to follow due process of law in responding to the allegations before the court and also maintain its operational excellence and act in line with the best corporate governance standards.


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